Tagged: puerto rico

Latin America: Segura Bank International Now Live with Temenos Core Banking Platform

Temenos (SIX: TEMN) announced that Puerto-Rico headquartered Segura Bank International, Corp. (SBI) has gone live with Temenos core banking platform deployed in the cloud to power a new digital bank for mid to high earners in Latin America. Temenos’ cloud-native platform will “enable SBI, which… Read More

Digital Bank FV Bank to Offer Custody Money Market Accounts

FV Bank says it has launched custody money market accounts for qualified customers. FV Bank is a digital bank that is based in Puerto Rico and regulated by the Office of the Commissioner of Financial Institutions (OCIF),  The bank is allowed to offer deposit-taking, custody,… Read More

CBiBank, Visa to Streamline Cross-Border B2B Payments

Visa Inc. (NYSE: V) and CB International Bank (CBiBank) announce the launching of an innovative cross-border B2B payments solution for businesses worldwide. CBiBank has officially “joined the Visa B2B Connect platform, ushering in a new era of faster, more cost-effective, and secure B2B payment services.”… Read More

IRS Says it Has Identified 100 High Income People Claiming Residence in Zero Tax Domicile Puerto Rico

Puerto Rico is unique in the fact it is part of the United States yet residence do not pay any federal taxes. It is part of the concept of taxation without representation and Puerto Rico does not have any voting members in Congress. This fact,… Read More

Digital Banking: Segura Bank Selects Temenos to Support Virtual Bank Platform in the Cloud for Latin Americans

Temenos (SIX: TEMN) recently announced that Puerto-Rico headquartered Segura Bank has selected Temenos “to power the launch of a new digital bank in the cloud for mid to high earners in Latin America.” Segura Bank will run Temenos’ banking platform “on Microsoft Azure to develop… Read More

Global Digital Bank – Zenus Bank – Partners with Finxact to Offer US Bank Accounts Worldwide

Zenus Bank, a digital-only bank that is regulated in Puerto Rico, is on a mission to provide access to US banking accounts to individuals all over the world. To further this ambition, Zenus has partnered with Finxact, part of Fiserv, to leverage its core banking… Read More

Regulated FV Bank Integrates Circle’s USDC for Account Holders

FV Bank, a digital/digital asset bank, has integrated USDC, Circle’s dollar-based stablecoin. The new service enables account holders the ability to instantly convert USDC into US dollars at the moment of deposit. FV Bank is a US-licensed bank based in Puerto Rico where it is… Read More

FV Bank Now A Principal Member of Visa, Prepares to Offer Crypto-Linked Visa Card Programs

FV Bank, the fast-growing U.S. licensed international challenger bank and digital asset custodian, has confirmed that it has been approved as a Principal Member of Visa. As mentioned in the announcement, this is an important milestone in further solidifying FV Bank as a key market… Read More

Challenger FV Bank Receives Strategic Investment from NGC Venture

FV Bank, a challenger bank and digital asset custodian, has received a strategic investment from NGC Ventures.  The investment and partnership is expected to help drive FV Bank’s expansion throughout Asia. FV Bank said it raised USD $8 million as part of the funding round,… Read More

Digital Bank FV Bank Raises $8 Million Series A

FV Bank, a digital bank with a focus on digital assets, has raised $8 million in a Series A funding round according to a company release. The funding will be utilized to launch a digital asset custody solution, a debit card along with international expansion…. Read More

Walmart and Fintech Green Dot Reveal that Walmart MoneyCard Is Now Offered as Demand Deposit Account

Walmart (NYSE: WMT) and Green Dot (NYSE: GDOT) recently revealed that the Walmart MoneyCard that’s issued by Green Dot Bank is now being provided as a demand deposit account (DDA) – which may be better equipped to assist Walmart clients with saving more money and… Read More

Luke Stokes: MD at Foundation for Interwallet Interoperability Says Crypto Needs User-Friendly Apps to Achieve Mainstream Adoption

  We recently connected with Luke Stokes, Managing Director for the Foundation for Interwallet Operability as well as the Interim Executive Director for the EOS Foundation, which is focused on supporting the development of EOS, a major platform for building decentralized applications (dApps). Stokes says… Read More

Puerto Rico-based Digital Bank First Finance International Bank Partners Australia’s Seafarer Foundation to Offer Online Payroll Services for Marine Industry

Puerto Rico-based digital bank First Finance International Bank (FFIBI) has reportedly partnered with the Australia-headquartered Seafarer Foundation, in order to offer online payroll and card services for the marine industry. By working cooperatively with FFIBI, the Australia-based foundation has launched a General Purpose Reloadable Multi-Currency… Read More

Soon to Launch Challenger Bank Zenus Bank Selects NICE Solution for AML/KYC

Digital challenger bank Zenus Bank wants to be one of the first banks in the United States to service a global clientele. The San Juan based operation is said to be nearing launch, currently scheduled for Q4 of 2019, and in advance of this event,… Read More

Crypto Friendly Digital Bank Arival Accepting Investment Reservations on SeedInvest for Upcoming Crowdfunding Round

Digital challenger bank Arival is now accepting reservations for preferred stock on SeedInvest. Arival will be a crypto-friendly bank – unlike most traditional banks in the United States which tend to be crypto-averse. The bank was founded on the notion that banks in many places… Read More

Crypto Investor and Entrepreneur Brock Pierce Plans First Qualified Opportunity Zone in Puerto Rico

Iconoclastic crypto-preneur Brock Pierce is taking advantage of new legislation enacted in Puerto Rico to help rebuild the island since Hurrican Maria hit it hard. Recently, the Governor of Puerto Rico Ricardo Rossello has signed into law a bill that creates Qualified Opportunity Zones (QOZ)…. Read More

Puerto Rico Financial Commissioner George Joyner: “There’s a space for virtual assets that won’t go away”

George Joyner has Puerto Rico in his blood. The Commissioner of the Office of Financial Institutions is a veteran player who has spent his whole career in the fast-growing banking and, latterly, FinTech industry in the US territory of Puerto Rico, with the exception of… Read More

Kinetic International Launches Blockchain Based Trading Platform

Kinetic International is the new kid on the banking block. After years of diligent wading through a complex and often trying regulatory approval process, Kinetic CEO Michael Williams heads up the first international private bank that is both fully compliant with US banking regulations (it… Read More

GoFundMe Launches Centralized Hub For Campaigns Dedicated to Hurricane Maria Relief

Following Hurricane Maria’s devastating impact on Puerto Rico, crowdfunding platform GoFundMe announced it has launched a centralized hub for campaigns dedicated to those affected by the massive storm. “Hurricane Maria hit Puerto Rico as a category 4 storm and has devastated the island. In response,… Read More

Music Sensation Ricky Martin Launches Hurricane Maria Relief Initiative on YouCaring

Over the weekend, music sensation and Puerto Rican native Ricky Martin has launched a Hurrican Maria Relief campaign on crowdfunding platform YouCaring to help those affected by the devastating storm. While sharing details about the initiative, Martin stated: “Puerto Rico is going through one of the toughest… Read More

Send this to a friend